The board of directors of Global New Material International Holdings Limited announced the following changes in the independent non-executive Directors and the composition of the audit committee (the Audit Committee) and the nomination committee (the Nomination Committee) of the Board. Resignation of Mr. MAK Hing Keung, Thomas (Mr. MAK): Mr. MAK has resigned as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee effective from 5 September 2022. On the same day, Mr. MAK has accepted the appointment as the Chief Financial Officer of the Group.

Mr. MAK has confirmed that he has no disagreement with the Board and there is no other matter in connection with his resignation that need to be brought to the attention of the shareholders (the Shareholders) of the Company and The Stock Exchange of Hong Kong Limited (the Stock Exchange). Following the resignation of Mr. MAK, Mr. HUI has been appointed on 5 September 2022 as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee. Mr. HUI, aged 63, currently is the sole proprietor of Hui Chi Fung Certified Public Accountant.

Mr. Hui serves as an executive council member and the vice chairman of Corporate Governance Committee and Membership & Talent Committee of The Hong Kong Independent Non-Executive Director Association. Mr. HUI holds a MBA degree from The University of Western Ontario. Mr. HUI is an associate member of the Hong Kong Institute of Certified Public Accountants, a fellow member of The Association of Chartered Certified Accountants and a member of Chartered Professional Accountants of Canada.

Mr. HUI is an experienced business executive with solid accounting and finance background and over 30 years of work experience in information and communications technology and consumer service industry. Mr. HUI retired from Fuji Xerox (Hong Kong) Limited ("Fuji Xerox HK"), a subsidiary of FUJIFILM Holdings Corporation and Xerox Holdings Corporation. Before his retirement, Mr. HUI served as the managing director of Fuji Xerox HK.

During his 30 years of work experience in Fuji Xerox HK, Mr. HUI was involved in the Fuji Xerox HK's operation including equipment leasing, corporate finance and control, legal and internal audit in Hong Kong and China. Mr. HUI also assisted the Fuji Xerox HK in the implementation of the enterprise risk management systems, and the environmental, social and governance initiatives and the establishment of internal audit team in both Hong Kong and China.